Indian retailer's attem
Indian retailer- deal used by Amazon to assert rights over Future, there was no legal basis for the arbitration between the two sides to continue.
- As part of the deal between Amazon and Future Coupons, Future Retail would have been able to place its products on Amazon's online marketplace.
- Amazon and Future have been locked in legal battles for several months. The US company has successfully used the terms of its ₹ 1,430 crore investment in a Future unit in 2019 to block the Indian retailer's attempt to sell retail assets to rival Reliance Industries, alleging breach of certain contracts.
- In December, the Competition Commission of India, or CCI, suspended its approval for Amazon's deal to acquire a 49 per cent stake in Future Coupons Pvt Ltd, the promoter of Future Retail, and charged a ₹ 202 crore fine on the e-tailer.
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